Frederick:
I hope you are correct on both accounts: easing by Fed, and Novell's
future (although I have more faith in NOVL's furture than Greenspan easing at this point). I just put off my refinancing for a 7 1/8% 30-year with 0 pts, and I have 2.5 years left on my 7% ARM. After seeing Wall Street Week, the top economist see the long bond trending down towards 5% this year. However, todays action (big Asian rebound) doesn't seem to support this. I think bonds just got a little ahead of themselves in early January, and believe they will trend lower over time. Though the economists on the street are now saying that growth is robust and Greenspan is on hold, and will possibly tighten later in the year. Funny, how some of these guys keep flip flopping from early Jan to early Feb. I'm more interested in the 6-12 month+ forecast for my interests though, and hope the ones on WSW are correct. Its much easier to predict 1-2 months ahead, versus 6-12 months. Just ask a weatherman. But I respect the fellows on WSW. We'll see with this and Novell as the year unfolds.
Paul, yeah, the treasuries did help our economy a bit, but if bonds start backing up further 6.25%+, then our economy could slow down in a dangerous way. We're in a very interesting period, that's for sure.
Regards,
Quad-K |
